despite the over 2% pps pullback on high volume
over many months, do not expect any move up on stellar earnings (see aapl).
All an investor can hope for is that the pps continues to thread water and does not tank after earnings
at over a 20 % profit. Just the gravy on a long term aapl hold.
That is exactly what I said. Sold covered calls yesterday afternoon---------easy $.
will begin when pps finds a bottom and will be a catalyst for the next leg up
If profit taking pressure increases there will be a sell off-------if not today, by the end of the week it will be off the highs. Go back and look at historic pps action after aapl earnings. Plus the general market is vulnerable to a correction now.
Not me, I only take profits from the long term gains portion of core aapl holdings when appropriate. I hold my core position and only sell the options when the premiums are overvalued. Gives me some protection and increases my yields.
Shorts aren't angry and Apple won't start buying back until their buying agents can pick up shares lower then this. Watch for the FUD and the market correction before they start scooping up shares cheaper. It the call buyers that will be the most disappointed, watch the how the jacked up option premium values star eroding tomorrow.
What a rude infestation to everyone, long or short. IGNORING that ID and flagging it for abuse makes the MB a more pleasant place.